Broncos up offer to Miller
The Denver Broncos have upped their offer to linebacker Von Miller by offering to guarantee the Super Bowl MVP a record $70 million of the six-year deal, a person with knowledge of the negotiations told The Associated Press.
The person spoke on condition of anonymity.
The sides had until 4 p.m. EDT Friday to get a signed deal into NFL headquarters.
Miller’s agent, Joby Branion, and the Broncos agreed to the parameters of a six-year, $114.5 million deal last month but Miller’s camp held out for more guaranteed money.
The June offer included $38.5 million in guarantees over the first two years, another $1.3 million in workout bonuses, plus the chance to earn another $19.5 million in guaranteed money in 2018.
General manager John Elway reignited talks last week when he offered to move up guaranteed money in Year 3 to next March.
This week, he upped the overall guaranteed money.
Elway’s offer now far surpasses the $63 million in guarantees that Philadelphia’s Fletcher Cox received last month and represents the most money ever offered a non-quarterback in the NFL.
The latest proposal is the biggest overall contract for a non-QB in league history.